Paloma Partners Management Co lifted its stake in Dorman Products, Inc. (NASDAQ:DORM) by 326.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,162 shares of the auto parts company’s stock after acquiring an additional 18,502 shares during the quarter. Paloma Partners Management Co owned approximately 0.07% of Dorman Products worth $1,477,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the stock. Mackenzie Financial Corp acquired a new position in Dorman Products during the fourth quarter valued at approximately $12,403,000. Deutsche Bank AG increased its holdings in shares of Dorman Products by 174.8% during the fourth quarter. Deutsche Bank AG now owns 243,490 shares of the auto parts company’s stock worth $14,886,000 after buying an additional 154,884 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Dorman Products by 131.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 222,507 shares of the auto parts company’s stock worth $13,604,000 after buying an additional 126,163 shares in the last quarter. Port Capital LLC acquired a new position in shares of Dorman Products during the fourth quarter worth $6,399,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Dorman Products by 436.4% in the third quarter. JPMorgan Chase & Co. now owns 123,021 shares of the auto parts company’s stock worth $8,804,000 after purchasing an additional 100,087 shares during the last quarter. Institutional investors and hedge funds own 75.28% of the company’s stock.
DORM has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Dorman Products from a “hold” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Thursday, March 1st. Barrington Research reissued a “hold” rating on shares of Dorman Products in a research report on Tuesday, February 27th. BidaskClub cut shares of Dorman Products from a “buy” rating to a “hold” rating in a research report on Saturday, February 24th. Finally, CL King upgraded shares of Dorman Products from a “neutral” rating to a “strong-buy” rating in a report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $70.50.
In other news, SVP Jeffery Darby sold 1,100 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $72.77, for a total transaction of $80,047.00. Following the sale, the senior vice president now owns 13,488 shares in the company, valued at approximately $981,521.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 11.70% of the stock is owned by company insiders.
Shares of Dorman Products stock traded down $0.65 on Friday, reaching $67.39. 140,068 shares of the company traded hands, compared to its average volume of 214,746. The company has a market capitalization of $2,286.13, a P/E ratio of 20.00, a P/E/G ratio of 1.47 and a beta of 0.91. Dorman Products, Inc. has a 52 week low of $60.93 and a 52 week high of $88.50.
Dorman Products (NASDAQ:DORM) last released its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.87 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Dorman Products had a net margin of 11.80% and a return on equity of 18.14%. The company had revenue of $227.72 million during the quarter, compared to the consensus estimate of $234.58 million. During the same period last year, the firm earned $0.83 EPS. Dorman Products’s revenue for the quarter was down .6% on a year-over-year basis. research analysts expect that Dorman Products, Inc. will post 4.2 earnings per share for the current fiscal year.
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Dorman Products Company Profile
Dorman Products, Inc supplies automotive replacement parts, automotive hardware, and brake products to the automotive aftermarket and mass merchandise markets in the United States, Canada, Mexico, Europe, the Middle East, and Australia. It offers original equipment dealer products, such as intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation coolers, and complex electronics modules; fluid reservoirs, variable valve timing components, complex electronics, and integrated door lock actuators; and fasteners, including oil drain plugs, wheel bolts, and wheel lug nuts.
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